Spring naar content gedeelte
KPN issues 850 million Eurobond
Den Haag, 9-9-08
KPN has successfully launched a Eurobond for an amount of EUR 850 million, with a 5 year maturity and a coupon of 6.25%. The bond has been placed with a broad range of institutional investors across Europe.
The bond has been issued under KPN’s Global Medium Term Note programme and will be listed on Euronext Amsterdam. The proceeds of this bond will be used to refinance debt and for general corporate purposes. Following the successful execution of this Eurobond transaction, KPN terminates its EUR 1 billion backstop credit facility which was signed in July 2008.
KPN has a credit rating of BBB+ with negative outlook by S&P and Baa2 with stable outlook by Moody's.
Barclays Capital, Credit Suisse, J.P. Morgan and Rabobank have acted as joint bookrunners for this transaction.
